Snapchat’s Still a Buy, Says Leading Internet Stock Analyst

Everyone is down on Snap stock these days--everyone that is except Mark Mahaney, a well-known analyst with RBC Capital Markets who has tracked Internet companies for 20 years.

Speaking at Fortune’s Brainstorm Tech conference in Aspen, Colo. on Monday, Mahaney put forth a rare bullish case for the maker of Snapchat, which dropped below its $17 initial public offering price last month amid weak results that spooked investors. In Mahaney’s view, Snap skeptics are over-reacting to its...

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